Consider the Demand Data Listed Below

question 122

Multiple Choice

Consider the demand data listed below.What is the 4-month moving average forecast for June?

• A)14,000
• B)Not enough information is given to answer the question.
• C)14,500
• D)13,500
• E)15,333

Recognize how diversity and bias prevention measures (e.g., "name-blind" resumes) contribute to fair selection practices.

Understand the impact of selection decisions on organizational diversity and employee performance.

Understand various methods and tools used for employee selection and their effectiveness.

Differentiate between "can do" factors and "will do" factors in applicant assessments.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good or service and the quantity demanded by consumers, typically downward sloping.

Adverse Selection

A situation in insurance and markets where buyers and sellers have different information, leading to transactions where the seller is more likely to sell a low-quality product.

Insurance

A financial product offering protection against a loss, providing compensation in the event of specific financial damages or risks occurring.

Adverse Selection

A situation where asymmetric information results in high-risk individuals being more likely to purchase insurance or contracts than low-risk ones.